Daily Market Updates: Indonesian Rupiah: MSCI shock keeps Rupiah pressured

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Indonesian Rupiah: MSCI shock keeps Rupiah pressured – OCBC

Reported · Written up by our desk · Major Pairs

OCBC remains cautiously negative on the Indonesian Rupiah (IDR) after MSCI proposed reclassifying Indonesia from emerging market to standalone status, triggering sharp equity outflows and USD/IDR gains. The bank expects Bank Indonesia’s (BI) intervention to cap volatility but sees a sustained recovery needing clearer reforms and better external conditions, with 18,190 flagged as key resistance and Fibonacci supports below.

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FXStreetIndonesian Rupiah: MSCI shock keeps Rupiah pressured – OCBC

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Indonesian Rupiah: MSCI shock keeps Rupiah pressured – OCBC

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